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President Barack Obama recently said, "I don’t need to remind any of you about the situation we found ourselves in at the beginning of this year." Many times he has blamed President George W. Bush and, of course, that is partially true. He neglects to show how his fellow Democrats were also a major if not the major factor in the crisis.
Congress requiring more loans to people that could not make the payments was the primary problem and the media is complicit in that they did not tell the whole story sufficiently. What were the fat cats in Congress doing? They were protecting the leaders Freddie Mac and Fannie Mae.
I would love to see an analysis of what happened in The Times. A better understanding might help prevent a repeat. With that said, I want to compliment The Times for having articles from Thomas Sowell and Charles Krauthammer.